Agenda Item No
The Vale of Glamorgan Council
Scrutiny Committee (Housing and Public Protection) 6th October 2011
Report of the Director of Legal, Public Protection and Housing Services
Revenue and Capital Monitoring for the Period 1st April 2011 to 31st August 2011
Purpose of the Report
1. To bring to the attention of this Scrutiny Committee, the position in respect of revenue and capital expenditure for the period 1st April 2011 to 31st August 2011 regarding those revenue and capital budgets, which form this Committee’s remit.
1. It is recommended that the Scrutiny Committee note the position with regard to the 2011/12 revenue and capital monitoring.
Reason for the Recommendation
1. That Members are aware of the position with regard to the 2011/12 revenue and capital monitoring relevant to this Scrutiny Committee.
2. Council on the 28th February 2011 (minute nos. 957, 956 and 955 respectively) approved the Revenue, Capital and Housing Revenue Account budgets for 2011/12. Reports monitoring expenditure are brought to this Committee on a regular basis.
Relevant Issues and Options
3. The Revenue Budget and projected outturn for 2011/12 are shown in Appendix 1.
4. Public Sector Housing (HRA) - The Housing Revenue Account is predicted to outturn on target. There is a current favourable variance of £276k mainly due to a recharge of £121k of employee costs involved in the Housing Stock Transfer pre-ballot. Further favourable variances are £75k employee vacancies, £88 supplies & services - primarily legal & consultancy fees, £32k for premises costs and £6k for transport costs. These are partially offset by a reduction in external income of £48k due to higher than expected void properties, mainly due to the delayed re-opening of Ty Iolo hostel.
5. Private Sector/General Fund Housing & Community Safety - The Housing General Fund is predicted to outturn on target. There is a current favourable variance of £39k due mainly to an under spend on supplies & services.
Capital Programme 2011/2012
6. Appendix 2 details financial progress on the Capital Programme as at 31st August 2011.
7. Budgets for 2011/12 have been profiled on a monthly basis and where there is a significant under/over spending of the profiled budget an explanation will be provided and the scheme will be re-profiled if necessary. This arrangement will apply to all individual schemes over £500,000 in value that have a variance of 20% or more on their profiled budget.
Variance between Actual Spend to date and Profiled Spend
8. Housing Improvement Programme (Central Heating) - Expenditure is slightly behind profile due to workload in the Property Section. It has been advised that a full spend will still be achievable by year-end.
9. Castleland Renewal Area - Expenditure is behind profile due to initial delays in getting homeowners to sign up to the facelift scheme. The large number of let properties in the Castleland ward has meant that tracking down landlords to gain their written consent before works can commence has been a longer than anticipated process. It is anticipated that a full spend will be achieved on this budget. Three phases will be on site by the end of September and expenditure will increase.
10. Appendix 3 provides non-financial information on capital schemes with a budget of over £100,000. Where a budget shown in Appendix 2 is more than £100,000 but is made up of several schemes that individually are less than £100,000, the scheme is not included in Appendix 3.
Resource Implications (Financial and Employment and Climate Change, if appropriate)
11. As detailed in the body of the report.
Legal Implications (to Include Human Rights Implications)
Crime and Disorder Implications
13. It has been suggested that the services provided within the Committee's remit will assist in reducing the incidence of crime.
Equal Opportunities Implications (to include Welsh Language issues)
14. Good budget monitoring information assists managers in ensuring that available funds are target at those in greatest need.
15. Effective monitoring assists in the provision of accurate and timely information to officers and Members and in particular allows services to better manage their resources.
Policy Framework and Budget
16. Report is in accordance with the Policy Framework and Budget.
Consultation (including Ward Member Consultation)
17. The appropriate Chief Officer has been consulted. This report does not require Ward Member consultation.
Carolyn Michael (Senior Group Accountant) (01446 709778)
Director of Legal, Public Protection and Housing Services
Peter Evans, Director of Legal, Public Protection and Housing Services